Kabu, a Mitsubishi UFJ subsidiary, has announced its preliminary monthly business figures for the month of September 2017. The total number of accounts increased month-on-month, but the number of active accounts remained almost the same.
The number of newly opened accounts increased by 750 in September, which was an increase of 16.9 percent over August. Though the number of new accounts rose, the number of active accounts remained almost stagnant at 537,105, 15 fewer accounts than the previous month.
This shows that the number of clients trading on the platform remained almost constant, despite the end of the Japanese holidays.
Separating Yourself From the Pack in a Mature FX IndustryGo to article >>
The number of futures/options accounts rose by 152, an increase of just 0.2 percent month-on-month.
Though the active accounts remained constant, volumes showed a large increase, coming in at $19.16 billion (2108.56 billion yen) in September, which was an increase of 8.9 percent month-on-month.
This could be due to the fact that September marked the end of the holidays, hence traders were much more active during this month. We also saw the yen weakening during this month and increased volatility would have encouraged the more trading.
The average number of daily contracts rose 8.8 percent to 112,578 during September 2017 which is also in line with the increase in the overall trading volume.